| OIL
& GAS - Reindeer / Caribou
The Reindeer/Caribou Field is
located in the WA 209P permit in 60 metres of water, 94km offshore
northwest of Karratha, Western Australia. Apache Energy is the operator
of Reindeer with a 55.0% interest, while joint venture participant
Santos owns the remaining 45.0% interest.
The expected gross recoverable
reserves at the Reindeer/Caribou field are half a trillion cubic
feet of natural gas. Apache plans to develop this field with an
objective of first production in 2008. Development options, including
the possibility of a new pipeline to the mainland, are currently
being evaluated.
|